Bristol Advisors LLC bought a new stake in Kohl's Co. (NYSE:KSS) during the 4th quarter, HoldingsChannel reports. The fund bought 6,500 shares of the company’s stock, valued at approximately $352,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Kohl's by 6.9% in the third quarter. Dimensional Fund Advisors LP now owns 5,834,433 shares of the company’s stock valued at $266,349,000 after acquiring an additional 377,083 shares during the period. Northern Trust Corp raised its stake in shares of Kohl's by 34.9% in the second quarter. Northern Trust Corp now owns 5,400,841 shares of the company’s stock valued at $208,851,000 after acquiring an additional 1,396,006 shares during the period. Wells Fargo & Company MN raised its stake in shares of Kohl's by 13.7% in the third quarter. Wells Fargo & Company MN now owns 4,681,324 shares of the company’s stock valued at $213,702,000 after acquiring an additional 564,109 shares during the period. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Kohl's by 28.1% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 2,032,578 shares of the company’s stock valued at $92,787,000 after acquiring an additional 445,400 shares during the period. Finally, Schroder Investment Management Group raised its stake in shares of Kohl's by 9.6% in the third quarter. Schroder Investment Management Group now owns 1,725,757 shares of the company’s stock valued at $79,282,000 after acquiring an additional 151,357 shares during the period.
Several research firms recently commented on KSS. BMO Capital Markets set a $60.00 price target on shares of Kohl's and gave the stock a “hold” rating in a research note on Friday. Royal Bank of Canada raised shares of Kohl's from an “underperform” rating to a “sector perform” rating and set a $60.00 price target on the stock in a research note on Friday. JPMorgan Chase & Co. raised shares of Kohl's from a “neutral” rating to an “overweight” rating in a research note on Friday. Piper Jaffray Companies set a $55.00 price target on shares of Kohl's and gave the stock a “hold” rating in a research note on Wednesday. Finally, Zacks Investment Research downgraded shares of Kohl's from a “buy” rating to a “hold” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $49.90.
Kohl's (NYSE:KSS) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.02). Kohl's had a net margin of 3.47% and a return on equity of 12.72%. The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the business posted $0.80 earnings per share. The firm’s quarterly revenue was up .1% on a year-over-year basis. equities analysts expect that Kohl's Co. will post 3.77 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend was Tuesday, December 5th. Kohl's’s dividend payout ratio is currently 58.36%.
In related news, Director Stephanie A. Streeter sold 4,173 shares of Kohl's stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $53.85, for a total value of $224,716.05. Following the completion of the sale, the director now directly owns 21,960 shares in the company, valued at approximately $1,182,546. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonas Prising bought 4,725 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was bought at an average price of $42.35 per share, with a total value of $200,103.75. Following the completion of the purchase, the director now directly owns 8,661 shares in the company, valued at $366,793.35. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by company insiders.
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Kohl's Company Profile
Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company operates approximately 1,154 Kohl’s department stores, a Website (www.Kohls.com), approximately 12 FILA outlets, and approximately three Off-Aisle clearance centers. The Company’s stores and Website sell moderately-priced private label and national brand apparel, footwear, accessories, beauty and home products.
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